Long

$COST Costco at Key Support Level

Costco tagging key $200 support level today looking very oversold. Expecting a price recovery into the 1st quarter of 2019. Note there is an un-filled gap below $200 from June of this year - could see us dipping as low as $198 this week. A close this week below $198 would be bearish - ideally we stay above $200.

Targeting mid-December overhead gap-fill of ~$226.50 by mid to late February leading up to March earnings release.

Note: Informational analysis, not investment advice.

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